HOPES remain high that a buyer can be found for HMV, which has a store in Kirkcaldy, after the retail chain fell into administration this week.
The company’s boss, Trevor Moore, said there was a place for HMV on the High Street and that he was confident a solution could be found.
His comments come after the retailer called in the administrators, Deloitte, on Monday.
Concern over the store chain’s future has been mounting particularly with many angry shoppers being left out of pocket after HMV stopped accepting gift vouchers and cards.
The group said it had redeemed a significant amount of vouchers, but only made the decision to stop issuing them on Tuesday.
All of HMV’s 239 stores - including the Kirkcaldy shop based in the Mercat - will remain open while Deloitte attempts to find a buyer for part or all of the business, although it is feared there will be widespread store closures.
The Kirkcaldy store has been in the town for seven years and was officially opened by pop group Girls Aloud on December 6, 2005.
Stephen Roberts, manager of the Mercat Shopping Centre, said his thoughts were with the HMV staff at this difficult time.
He said: “It is a shame that the company has gone into administration as a result of underlying problems in the business at a national level.
‘‘At this stage it has not been confirmed whether the store at the Mercat Centre will close.”
News of the company’s demise and fears over the future of its Kirkcaldy store sparked political sympathy.
David Torrance, Kirkcaldy MSP, said: “It’s very sad this has happened to one of the icons on the High Street.
‘‘Hopefully a buyer can be found quickly and the Kirkcaldy store can be saved from closure.
“This shows the impact of the decline of our High Street - shopping habits have changed and online shopping has had a major effect on traditional shops.
“Stores like HMV have to pay rates and rent, they have huge costs and can’t compete with the internet.”
He added: “Unless people change their shopping habits it will be very difficult to regenerate the High Street.”